Company Registration No. 04740619 (England and Wales)
March One Limited
Unaudited accounts
for the year ended 31 October 2021
March One Limited
Unaudited accounts
Contents
March One Limited
Company Information
for the year ended 31 October 2021
Director
Timothy Brookshaw
Company Number
04740619 (England and Wales)
Registered Office
Flat 3
4 Quarry Place
Shrewsbury
SY1 1JN
March One Limited
Statement of financial position
as at
31 October 2021
Intangible assets
4,579
9,156
Tangible assets
3,204
3,648
Inventories
64,224
125,797
Creditors: amounts falling due within one year
(76,936)
(159,924)
Net current assets/(liabilities)
19,952
(18,954)
Total assets less current liabilities
27,735
(6,150)
Creditors: amounts falling due after more than one year
(42,130)
-
Net liabilities
(14,395)
(6,150)
Called up share capital
1
1
Profit and loss account
(14,396)
(6,151)
Shareholders' funds
(14,395)
(6,150)
For the year ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 July 2022 and were signed on its behalf by
Timothy Brookshaw
Director
Company Registration No. 04740619
March One Limited
Notes to the Accounts
for the year ended 31 October 2021
March One Limited is a private company, limited by shares, registered in England and Wales, registration number 04740619. The registered office is Flat 3, 4 Quarry Place, Shrewsbury, SY1 1JN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 November 2020
152,583
At 31 October 2021
152,583
At 1 November 2020
143,427
Charge for the year
4,577
At 31 October 2021
148,004
March One Limited
Notes to the Accounts
for the year ended 31 October 2021
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2020
5,769
16,173
4,394
26,336
At 31 October 2021
5,769
16,173
4,752
26,694
At 1 November 2020
4,701
15,153
2,834
22,688
Charge for the year
214
204
384
802
At 31 October 2021
4,915
15,357
3,218
23,490
At 31 October 2021
854
816
1,534
3,204
At 31 October 2020
1,068
1,020
1,560
3,648
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
8,880
4,665
Other debtors
23,784
10,508
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
52,533
136,920
Trade creditors
13,294
4,550
Taxes and social security
652
1,357
Loans from directors
-
14,476
8
Creditors: amounts falling due after more than one year
2021
2020
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).